Zacks: Analysts Set $2.00 Price Target for On Track Innovations Ltd (OTIV)

Shares of On Track Innovations Ltd (NASDAQ:OTIV) have received an average broker rating score of 1.50 (Buy) from the two brokers that provide coverage for the company, Zacks Investment Research reports. One investment analyst has rated the stock with a buy recommendation and one has assigned a strong buy recommendation to the company. On Track Innovations’ rating score has declined by 50% from 90 days ago as a result of a number of analysts’ upgrades and downgrades.

Analysts have set a twelve-month consensus price objective of $2.00 for the company and are predicting that the company will post ($0.01) earnings per share for the current quarter, according to Zacks. Zacks has also given On Track Innovations an industry rank of 120 out of 257 based on the ratings given to its competitors.

Several equities research analysts recently issued reports on the company. Taglich Brothers assumed coverage on On Track Innovations in a research note on Thursday, October 25th. They issued a “speculative buy” rating for the company. TheStreet raised On Track Innovations from a “d+” rating to a “c-” rating in a research note on Thursday.

Shares of NASDAQ OTIV traded down $0.01 during mid-day trading on Monday, hitting $0.86. 50,348 shares of the company traded hands, compared to its average volume of 76,259. On Track Innovations has a 1 year low of $0.81 and a 1 year high of $2.94. The company has a market cap of $35.51 million, a price-to-earnings ratio of -21.50 and a beta of 1.59. The company has a quick ratio of 1.28, a current ratio of 1.54 and a debt-to-equity ratio of 0.04.

On Track Innovations (NASDAQ:OTIV) last announced its earnings results on Wednesday, August 8th. The technology company reported ($0.01) EPS for the quarter, meeting the consensus estimate of ($0.01). On Track Innovations had a negative return on equity of 9.03% and a negative net margin of 5.90%. The business had revenue of $6.15 million during the quarter, compared to the consensus estimate of $6.20 million. As a group, sell-side analysts expect that On Track Innovations will post -0.03 EPS for the current fiscal year.

An institutional investor recently bought a new position in On Track Innovations stock. Essex Investment Management Co. LLC acquired a new position in On Track Innovations Ltd (NASDAQ:OTIV) in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 183,024 shares of the technology company’s stock, valued at approximately $214,000. Essex Investment Management Co. LLC owned approximately 0.44% of On Track Innovations at the end of the most recent quarter. 3.09% of the stock is currently owned by institutional investors and hedge funds.

On Track Innovations Company Profile

On Track Innovations Ltd. designs, develops, and markets cashless payment solutions worldwide. It operates through Retail and Mass Transit Ticketing; and Petroleum segments. The company offers OTI UNO, a single interface and contactless reader that support the major card associations' applications, as well as wallets such as Apple Pay, Google Pay, and Samsung Pay; OTI TRIO, a near-field communication and contactless reader, which offers three-in-one cashless payment card options comprising magnetic stripe (swipe), contact (chip), and contactless (tap); and OTI Interno, an original equipment manufacturer reader module with integrated antenna used for integration into mass transit validators and terminals.

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